The discount period represents the exact number of days the bank will have to wait for the note to come due.

Name: The discount period represents the exact number of days the bank will have to wait for the note to come due.
Brand: Quizplus
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Quizplus · Accepted Answer

The discount period is the time during which the bank can offer a discount (usually a percentage of the face value) to the borrower for paying early, before the note comes due. So, it represents the exact number of days the bank will have to wait for the note to come due.

The Discount Period Represents the Exact Number of Days the Bank